Brazilian Farmland Fund Aims To Sell Shares On Hong Kong Exchange

As another indicator of the interest in owning agricultural land, Financial Times reporters Tom Mitchell and Robert Cookson filee this story about a farmland development group's effort to raise funds, buy Brazilian rural land and eventually launch an initial public stock offering on the Hong Kong stock exchange. The firm is called Agrifirma Brazil which has acquired 60,000 hectares (about 148,000 acres) in Bahia province. The article indicates it plans on boosting its holdings to 100,000 hectares by the time of the offering.